oscarsprangers198 oscarsprangers198
  • 15-03-2020
  • Mathematics
contestada

$360 simple interest is paid when ​$6000 is borrowed for 9 months. Find the simple interest rate.

Respuesta :

arpan3408 arpan3408
  • 15-03-2020

Answer:

6 percent

Step-by-step explanation:

1 ) 360/9 = 40 - 40 dollars earned per month

2) 40 x 12 = 480 - earned per year

3) 6000/9 = 666.67 x 12 = 8000 per year

4) 480/8000 = 0.06 / 6 percent

Lets check: 6000 x 1.06 = 6360 which is the amount of interest she gets paid in 9 months

Answer Link

Otras preguntas

((Use the graph below to answer)) When x = -3, then y = a0.
Pat is six years older than twice his Cousin Zach's age. The sum of their ages is less than 36. What is the greatest age that Zach could be? Will mark brainlies
The Soviet Union ceased to exist on December 25, 1991. This occurred during the presidency of what American?
How do I work this out?
Which part of freytags pyramid is best represented in this scenario?
A scientist has discovered a new gene in oysters. Oysters with the dominant allele for disease resistance 'R' have been found to tolerate polluted waters bette
Latin American revolutions during the early nineteenth century were MOST LIKELY inspired by the French Revolution and the A) Cuban Revolution. B) Russian
Which of the following helped unify the provinces under the Roman Empire?
Javier oye, david, ¿estás (1) (ver) el partido de fútbol?
I need help with number 24. It says is it possible that Lauren answered more questions correctly on the second math test than Antoine did? Explain.